Fission Uranium Corp T.FCU

Alternate Symbol(s): FCUUF

Metals & Mining Industrial Metals & Minerals

Fission Uranium Corp. is a Canada-based uranium company and the owner/developer of the high-grade, near-surface Triple R uranium deposit. The Company is the 100% owner of the Patterson Lake South uranium property. Its Patterson Lake South (PLS) project, which hosts the Triple R deposit, a large, high-grade and near-surface uranium deposit that occurs within a 3.18 kilometers (km) mineralized trend along the Patterson Lake Conductive Corridor. The property comprises over 17 contiguous claims totaling 31,039 hectares and is located geographically in the south-west margin of Saskatchewan’s Athabasca Basin. Additionally, the Company has the West Cluff property comprising three claims totaling approximately 11,148-hectares and the La Rocque property comprising two claims totaling over 959 hectares in the western Athabasca Basin region of northern Saskatchewan. The La Rocque property is prospective for high-grade uranium and is located five km south of Cameco’s La Rocque Uranium Zone.

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Fission Uranium Corp

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Comment by teeveeon Apr 13, 2016 8:45pm

167 Views

Post# 24764417

RE:RE:Re Re Re Bottom Line

Sudzie,
Putting aside issues with the dyke, THE greatest and costliest unknown risk is the amount of water seepage into the pit, and the cost of building and operating a water treatment plant to remove radon etc. This unknown is such a huge risk that I doubt any mining company would ever take the gamble on developing PLS. This, along with the likely cost of the dyke, time to construct, mining sequence issues etc are probably why FCU has not proceeded with RPA's recommedations.

sudzie191 wrote: Toridog

I think logistics determine the sequence of mining these deposits. FCU first because the mine is easier and faster to build, basically an earth moving operation, and a dyke.

THat gets to the hi grade so fast payback and income to build the more expensive NXE mine because it is so deep and hi grade. THey will need to preserve shielding and have complex ventilation to handle the radon and particulate to keep CNSC folks happy chappies.

So when FCU mines out the higher grade and is into the lower grade, those ores get blended with the hi grade NXE ores soas to avoid a much costlier hi grade mill.

THus its an integrated mining sequence to maximize profits.

The 2 projects will mine more cheaply in the integrated manner, than as 2 separate projects.

Too early to say which of FCU or NXE wilol have the most lbs of uranium, but certainly FCU appears to have some catch challenge.

toriddog wrote: Arrow is not open in all directions !! It is open in one direction and that is down. Please look at all the drill reports. The deposit size changes very little. Look at the dud holes ,everytime they drill to the side from the surface nothing !!
Very good large deposit but very deep. They have lots of claims but have not strayed far away. Think they are doing that now as they have plenty of unexplored claims.
PLS is much larger and far easier to mine. They ARE drilling on new sites and have been very sucessful.
Bottom line is PLS is the most profitable undeveloped deposit by a wide margin and this will show up someday in the stock price.
Rather than argue check the facts on drill reports and it is very clear to anyone who understands them. When I go to the NXE website I have to wade through a pile of posters who are on ignore and they all have hundreds of other ignores so that should speak volumes to anybody looking.
Three investment funds selling NXE today as expected, they are grabbing a nice profit and moving on to the next victim. They all were here before and caused a pile of price carnage.